Paydiant

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Paydiant, Inc.
Subsidiary
Founded2010
Founder
  • Kevin Laracey
  • Chris Gardner
  • Joe Paratore
Headquarters275 Grove St, Auburndale, Massachusetts,
ParentPayPal [1]
Websitewww.paydiant.com

Paydiant, Inc. is a financial services company owned by PayPal. It provides cloud-based services for merchants, banks, and point-of-sale and ATM providers. The company was incorporated in 2010 and is based in Auburndale, Massachusetts.

In 2011, Paydiant raised $7.6 million funding from North Bridge Venture Partners and General Catalyst Partners.[2] Paydiant received a funding of $12 million and $15 million in 2012 and 2013 respectively.[3][4][5]

Paydiant has provided mobile wallet platforms for MCX.

In 2015, PayPal acquired Paydiant in a $280 million deal.[1][6]

References[edit]

  1. ^ a b "PayPal to pay $280M for Apple Pay rival Paydiant". CNBC. Retrieved 2016-02-29.
  2. ^ Wauters, Robin. "Paydiant Throws Its Hat Into The Mobile Payments Ring, Raises $7.6 Million". TechCrunch. Retrieved 2016-02-29.
  3. ^ Lunden, Ingrid. "Paydiant Gets $12M More To Build Out Its White-Label Mobile Payments API". TechCrunch. Retrieved 2016-02-29.
  4. ^ "Sec form d". www.sec.gov. Retrieved 2016-02-29.
  5. ^ "Paydiant Closes $15M Funding". FinSMEs. 2013-09-10. Retrieved 2016-02-29.
  6. ^ "PayPal to Pay $280 Million for Paydiant to Help Retailers Compete With Apple Pay". Re/code. Retrieved 2016-02-29.

External links[edit]